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barack obama has arrived in israel on his first ever visit to the country as you as president and home obama has been repeatedly criticized by a pro is lady lord we lobby is for distancing himself from tel aviv and there's a little chance of the eyes of four we be tween the two governments any time soon policy or reports. when former american president george bush visited israel for his trip with clear skies pope benedict the sixteenth was cloaked white now it's a bar mr. we've called to visit then shakable alliance it is a sign of the extraordinary relations between israel and the united states. so extraordinary that the prime minister's office invited the public to choose one of these designs as the trips official emblem but relations between the two leaders are strained and many believe the positive p.r. is nothing more than cave a spin there are policy differences. on the palestinian issue on the boards the rise of islamist forces in. egypt where do you see from jerusalem nearby not what you have seen from washington. at the distance. from the palestinian street for that matter oba
barack obama has arrived in israel on his first ever visit to the country as you as president and home obama has been repeatedly criticized by a pro is lady lord we lobby is for distancing himself from tel aviv and there's a little chance of the eyes of four we be tween the two governments any time soon policy or reports. when former american president george bush visited israel for his trip with clear skies pope benedict the sixteenth was cloaked white now it's a bar mr. we've called to visit...
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Mar 21, 2013
03/13
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and the budget balances. but president obama says he's not interested in balancing the budget. my goal is not to chase a balanced budget, he says. and i know my colleagues, they use the word "balanced." now, i said earlier that they used the word "balanced" tonight 14 times. i've been corrected. 24 times, i believe, already tonight my colleagues have used the word "balanced" in relation to this budget that never balances and never will balance. because they're not concerned about balancing the budget. that is not what it's about with them. they think bringing the budget into balance, like most states have to do, all cities and counties have to do, that this is austerity. oh, we can't have austerity. that might hurt the government, somebody might lose their job, they no longer would be paid to do some worthless job that doesn't produce anything, but we have to keep paying them anyway, because it would be austere to cut that. senator harkin said in february, "we have the richest nation in the world. if we're so rich, why are we so broke?" is it a spending problem? no, it's becaus
and the budget balances. but president obama says he's not interested in balancing the budget. my goal is not to chase a balanced budget, he says. and i know my colleagues, they use the word "balanced." now, i said earlier that they used the word "balanced" tonight 14 times. i've been corrected. 24 times, i believe, already tonight my colleagues have used the word "balanced" in relation to this budget that never balances and never will balance. because they're not...
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Mar 25, 2013
03/13
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FBC
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>> president obama expected to sign a budget this week. i'm saying this is good news for investors because the budget that the president wants-- spending cuts stay in place. he doesn't like them if they stay. new spending nowhere to be found. company, do you agree with this, a plus for investors, sandra. sandra: a plus for investors. stuart: and republicans. sandra: i was going to say and republicans. he wonders why his ratings are so low? and here he promised the worst and signing the new budget into place and we're not getting-- the markets the at all-time highs and people aren't complaining they're out of work and the hamburgers aren't in jeopardy and we're able to go through the lines of security at the airport fine. and doomsday never mapped. stuart: i thought there would be some form of tax increases. charles: i thought two months ago it would be the battlefield. would i like about this though, it's going to be leeway he for the department of defense to implement sequestration in a more, in a smarter way. so does agriculture. and eri
>> president obama expected to sign a budget this week. i'm saying this is good news for investors because the budget that the president wants-- spending cuts stay in place. he doesn't like them if they stay. new spending nowhere to be found. company, do you agree with this, a plus for investors, sandra. sandra: a plus for investors. stuart: and republicans. sandra: i was going to say and republicans. he wonders why his ratings are so low? and here he promised the worst and signing the...
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Mar 21, 2013
03/13
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FOXNEWSW
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it looks like president bush the younger had a bigger white house budget than barack obama does. this is a trivial pursuit. and michele bachmann made a mistake pursuing it. with the nation now owing close to $17 trillion, i wish the president were more like pope francis, who has a cardinal in argentina rejected of all the lavish perks. mr. obama is entitled to protection, convenience and comfort as he he runs the nation. congresswoman bachmann and all the opponents of president obama should zero in on what's really important, the president's failure to deal with out-of-control spending and his core belief that america is not a fair country. that's what's important. not who is walking the presidential dog. by the way, that's the gardner who walks the dog. and he has always walked the dogs. and how many movies the obamas watch? jimmy carter watched 300 movies. might have been why that was so out-of-control back then. it's long past time for partisans on both the right and the left to cut the nonsense and look at things clearly. we have got huge problems in america. the president is
it looks like president bush the younger had a bigger white house budget than barack obama does. this is a trivial pursuit. and michele bachmann made a mistake pursuing it. with the nation now owing close to $17 trillion, i wish the president were more like pope francis, who has a cardinal in argentina rejected of all the lavish perks. mr. obama is entitled to protection, convenience and comfort as he he runs the nation. congresswoman bachmann and all the opponents of president obama should...
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Mar 22, 2013
03/13
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CSPAN2
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president obama. i think that's probably correct. it's a very big-spending, big-tax budget. it is the wrong thing for america. it's the wrong thing for economic stability. it's the wrong kind of plan if made into law to help us grow our economy, create jobs, create wealth, get people over time and bonuses and pay raises, the kind of thing you have when the economy's growing. this budget is just the wrong medicine. i just have to say i strongly, strongly believe that it takes us in the wrong direction. what does it do at bottom? it raises taxes. it raises taxes, according to the chairman, by 1 point -- $1 trillion, $985 billion -- billion dollars. that's almost a trillion -- and we think it raises it $1.5 trillion. there is a reserve fund to make it easy to raise more taxes. i ask the chair to close that so it couldn't be used to raise taxes easily and see a decline which would continue to cause me to believe that that is an additional part. but regardless, a trillion dollars of new taxes is a huge, hu
president obama. i think that's probably correct. it's a very big-spending, big-tax budget. it is the wrong thing for america. it's the wrong thing for economic stability. it's the wrong kind of plan if made into law to help us grow our economy, create jobs, create wealth, get people over time and bonuses and pay raises, the kind of thing you have when the economy's growing. this budget is just the wrong medicine. i just have to say i strongly, strongly believe that it takes us in the wrong...
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Mar 18, 2013
03/13
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FOXNEWSW
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barack obama hasn't released one yet but, i don't know what the schedule will look like on the budget going forward it is still, it is controlled chaos right now. bill: what i see on the calendar is maybe late summer, if you want to get a deal together. i think that is what he was refering to on sunday. but you also have paul ryan saying that the debt is not an immediate crisis. and that was pretty much a headline that came out of one of his interviews. i will talk about john boehner in a moment here. how did you remark on the way ryan categorized that? >> look, i think he is basically right. technically we're not in a debt crisis. we don't have world markets plummeting. cats are not sleeping with dogs. it is not armageddon which is what a real debt crisis looks like. cypress is in a debt crisis but as paul ryan likes to say, the debt crisis that is coming and it is coming is the most predictable crisis in american history. the way i think about it, like being diagnosed with a time more. the doctor says, it is stage 1, it is not a crisis but you have to change the way you're living ri
barack obama hasn't released one yet but, i don't know what the schedule will look like on the budget going forward it is still, it is controlled chaos right now. bill: what i see on the calendar is maybe late summer, if you want to get a deal together. i think that is what he was refering to on sunday. but you also have paul ryan saying that the debt is not an immediate crisis. and that was pretty much a headline that came out of one of his interviews. i will talk about john boehner in a...
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Mar 18, 2013
03/13
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FBC
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proposals from the obama administration and some in congress would reduce that by perhaps capping itemized productions particularly for wealthier families by reducing the size of a mortgage eligible for the deduction. that's congressman ellison's legislation or eliminating the deduction for mortgages on second homes. as the housing market begins a fragile recovery, trade groups are fighting back. >> probably halfway as a housing industry to truly being a full component of the national economy. for us we have an enormous room to grow and it would be a shame for us to pull back the biggest incentive for home ownership and home construction that's out there right now. >> home builders, realtors, mortgage lendsers are all ramping up lobbying efforts more as the budget fight progresses but some officials are bracing themselves for some limits on the deduction at some point. cheryl? cheryl: the fight is going to be a big one. americans love that mortgage interest deduction and we'll talk about it right now more with our guest. thank you very much. for more on this mortgage interest deduction deb
proposals from the obama administration and some in congress would reduce that by perhaps capping itemized productions particularly for wealthier families by reducing the size of a mortgage eligible for the deduction. that's congressman ellison's legislation or eliminating the deduction for mortgages on second homes. as the housing market begins a fragile recovery, trade groups are fighting back. >> probably halfway as a housing industry to truly being a full component of the national...
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Mar 19, 2013
03/13
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the blue line shows president obama's numbers. but even if we got all the tax increases that the president and his allies in congress are calling for, it wouldn't even pay for 1/5 of all the deficit spending that's coming. this is where spending is going. we are spending ourself into a debt crisis. we will never, ever balance the budget if we keep spending growing at the pace it's growing right now. we have to do something about this. if we don't our families will receive a bankrupt country, economic growth will slow and our kids will be guaranteed a diminished future. we owe it to our countrymen, to our economy, to our kids to get this under control. with that i'd like to yield three minutes to a member of the budget committee, also a member of the appropriations committee, the gentleman from mississippi, mr. nunnelee. the chair: the gentleman from mississippi is recognized for three minutes. mr. nunnelee: thank you, mr. chairman. i do want to thank mr. ryan for his leadership on this budget. week of talked a lot about the big pi
the blue line shows president obama's numbers. but even if we got all the tax increases that the president and his allies in congress are calling for, it wouldn't even pay for 1/5 of all the deficit spending that's coming. this is where spending is going. we are spending ourself into a debt crisis. we will never, ever balance the budget if we keep spending growing at the pace it's growing right now. we have to do something about this. if we don't our families will receive a bankrupt country,...
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Mar 18, 2013
03/13
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and president obama refuses to submit his budget on time to the american people. with our national debt now exceeding $16 trillion and our country is on an unsustainable path. mrs. wagner: that's why house republicans released a plan that balances our budget in 10 years with smart reforms and cuts. this budget will cut wasteful spending, reform our broken tax code, protect and strengthen our national security, and repair our social safety net to make sure that they are strong and sustainable for future generations. in stark contrast senate democrats introduced a budget that raises taxes by an additional $1 trillion, adds $4 trillion to our national debt, and sets a course that never, ever balances the budget. instead of raising taxes and taking more of your hard-earned money, it's time we start fighting for nurses, teachers, carpenters, and shop owners and stop throwing government and giving away taxpayer bailouts that only results in less money in our pocket and mortgaging of our children's future. mr. speaker, i yield back. the speaker pro tempore: the gentlelad
and president obama refuses to submit his budget on time to the american people. with our national debt now exceeding $16 trillion and our country is on an unsustainable path. mrs. wagner: that's why house republicans released a plan that balances our budget in 10 years with smart reforms and cuts. this budget will cut wasteful spending, reform our broken tax code, protect and strengthen our national security, and repair our social safety net to make sure that they are strong and sustainable...
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Mar 19, 2013
03/13
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president obama should do likewise. work with the republicans in congress together to put forward a plan that will in fact balance a budget and help american families enjoy real prosperity and a much more secure retirement. >> good morning. this is a good week for house republicans. this is also a week of contrasts. years.get balances in 10 their budget never balances. and raises $1 worth of taxes. i think the question for the american people s. which budget actually helps? which helps people? well, i would say that a balanced budget is going to help grow our economy and provide the certainty needed that so many people out there looking for the government to do the very same thing they are having to do at home. which budget helps those who are in need? our budget provides a prescription to save the social safety nets of medicare, medicaid. theirs doesn't. theirs brings about the demise of those programs. which budget brings about the kind of tax reform that people want in this country? lower rates, fair and simpler tax
president obama should do likewise. work with the republicans in congress together to put forward a plan that will in fact balance a budget and help american families enjoy real prosperity and a much more secure retirement. >> good morning. this is a good week for house republicans. this is also a week of contrasts. years.get balances in 10 their budget never balances. and raises $1 worth of taxes. i think the question for the american people s. which budget actually helps? which helps...
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Mar 18, 2013
03/13
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CSPAN
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so, what the republicans won in the big battle in 2011, the budget control act, was obama wanted to keep spending and he needed the debt ceiling to be increased because he was spending so much money. republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington that is called a cut. if you wanted 10 of something and you only got eight of something, you say i got cut two. if you actually walk away with eight. so, that was a $2.50 trillion spending reduction over the next decade. it has not happened yet. we have several problems facing us. the trillion dollars in the obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them, after the 2012 elections. so, everybody voted and now the tax increases hit. it is not helpful for the econ
so, what the republicans won in the big battle in 2011, the budget control act, was obama wanted to keep spending and he needed the debt ceiling to be increased because he was spending so much money. republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington...
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Mar 20, 2013
03/13
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cicilline: more than months have passed since president obama was elected. rye now the republicans are offering a budget proposal that contains many of the same ideas voters rejected this fall. the republican budget would end the medicare guarantee as we know it and repeal the affordable care act. that's already providing benefits to so many families in my home state of rhode island and all across this country. rhode islanders do not want another republican budget proposal that jeopardizes our economic recovery, gives away billions of dollsars in tax subdies in big oil and tax breaks to companies that ship jobs overseas. they want a budget that reflects our values as a nation, promises we made to our seniors, invests in rebuilding our national infrastructure, protects our investments in education, and reduces our deficit by making smart cuts in spending and reforming our tax code. the republican budget fails to meet any of these standards. and i hope my colleagues will join me in opposing it this week. i yield back the balance of my time. the speaker pro tem
cicilline: more than months have passed since president obama was elected. rye now the republicans are offering a budget proposal that contains many of the same ideas voters rejected this fall. the republican budget would end the medicare guarantee as we know it and repeal the affordable care act. that's already providing benefits to so many families in my home state of rhode island and all across this country. rhode islanders do not want another republican budget proposal that jeopardizes our...
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Mar 22, 2013
03/13
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CNBC
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to help finance the national health care law in the early part of the obama administration. the reason it's spring training is that budget resolutions themselves are not lost. so these are not binding votes, but they're a way to test sent ims for what they make later on and that's what we're seeing on the online sales tax situation. 48 states already have laws on the books requiring online retailers to collect state sales tax, but those laws are often ignored and you have a bill that has some bipartisan support that would require all states to collect those taxes. if split, the big box brick and mortar retailers from online sellers and it's also split some of the online community. amazon is supporting this, but ebay is against it. they're looking for a carveout for their business model. so what we're going to see is does this effort to collect these taxes have more than 60 votes? if it does, that's going give momentum to this cause later on in the congress, maybe give a push to the effort in the house although it's going to run into the difficult anti-tax sentiment in the ho
to help finance the national health care law in the early part of the obama administration. the reason it's spring training is that budget resolutions themselves are not lost. so these are not binding votes, but they're a way to test sent ims for what they make later on and that's what we're seeing on the online sales tax situation. 48 states already have laws on the books requiring online retailers to collect state sales tax, but those laws are often ignored and you have a bill that has some...
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Mar 18, 2013
03/13
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FBC
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the popular mortgage deduction in the crosshairs, and washington wrestles with tax reform in the budget, and right now, homeowners deduct a billion -- excuse me, a hundred billion dollars in interest payments each yore. proposals from the obama administration and others this congress reduce that by capping itemized deductions, particularly for wealthier families, reducing the size eligible for the deduction or e eliminating it on second homes. as the housing market begins the fragile recovery, trade groups fight back. >> the mortgage interest deduction is a progressive element of the tax code. maintains progressivity in any tax reform effort, the mortgage deduction does that. it vastly benefits homeowners making less than 200,000 a year. it's a middle class tax incenter for home ownership out there. >> home builders, realtors, mortgage lenders ramping up lobbying as the budget fight progresses, but some officials are bracing themselves for some limit in the deduction at some point. lori? >> that stinks, thank you. >> taxes going up and up and up, oh, peter, thanks. so as we -- check you
the popular mortgage deduction in the crosshairs, and washington wrestles with tax reform in the budget, and right now, homeowners deduct a billion -- excuse me, a hundred billion dollars in interest payments each yore. proposals from the obama administration and others this congress reduce that by capping itemized deductions, particularly for wealthier families, reducing the size eligible for the deduction or e eliminating it on second homes. as the housing market begins the fragile recovery,...
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Mar 18, 2013
03/13
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MSNBCW
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. >> can we really consider the ryan budget if obama care is not going to be repealed, can we all agree on that? and he is taking the money and not taking the cost? i mean, his premise is wrong. >> well, his premise -- you can keep the revenue and not have the program. there is falls in the numbers but leave that for another day. ryan wants to cut us to two tax rates 25% and 10%. that has been scored now as being incredibly regressive and puts a huge amount of money in the hands of the wealthy. ryan says he will propose tax loophole closings and preforms level that playing field but the math probably doesn't work and he hasn't specified about what they are. >> what about tax reform? something president obama and the republicans in congress all say they want to do. with would that be a place to start? >> everybody wants corporate tax reform. our system is broken. it creates the wrong incentives and leads to more jobs yaever s overseas. it has to come as part of a bigger package it to get the numbers to work and the bigger package of tax reform, i think, is somewhat dubious because everyb
. >> can we really consider the ryan budget if obama care is not going to be repealed, can we all agree on that? and he is taking the money and not taking the cost? i mean, his premise is wrong. >> well, his premise -- you can keep the revenue and not have the program. there is falls in the numbers but leave that for another day. ryan wants to cut us to two tax rates 25% and 10%. that has been scored now as being incredibly regressive and puts a huge amount of money in the hands of...
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Mar 18, 2013
03/13
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. >> i've said 2.3% is the new magic number. 2.3% was the amount of the budget of they is quester and it was the amount of the payroll tax reset and it was the amount of tax put on medicare devices under obama care. everybody is now saying 2.3% will destroy it. the sequester, payroll tax hike and the new tax on the medical device makers and all of those are effectively 2.3%. >> do you think it's a fibonacci thi thing? >> it's a 15th century mathematician. that's how i spend my time. >> i think it's worth it. >> this is going to be the fed week. i hear 2.3%, and does that make you feel good or bad about the growth of the country? in other words, are we -- are we getting hotter like frank blake says or can the fed say, look, you know? it's not getting hot. >> you were talking in the break about goldman sachs and deutsche bank raising the target to 1625. deutsche bank raised its gdp target to 2.3%. 2.3% in 2013. >> 2.3% and three is not the magic number. >> 2.3% and when you were going through that i was -- that was -- yeah. blew my mind. >> she has steam coming out of her ear. >> i thin
. >> i've said 2.3% is the new magic number. 2.3% was the amount of the budget of they is quester and it was the amount of the payroll tax reset and it was the amount of tax put on medicare devices under obama care. everybody is now saying 2.3% will destroy it. the sequester, payroll tax hike and the new tax on the medical device makers and all of those are effectively 2.3%. >> do you think it's a fibonacci thi thing? >> it's a 15th century mathematician. that's how i spend my...